NorAm Drilling AS - Issue of New Shares Following Option Exercise

28 Feb 2025 19:10 CET

Oslo, Norway, February 28, 2025

Further to the Company's announcement today regarding share option exercise by a
PDMR, the Company will issue 62,861 new shares, pursuant to the Board's
authorization to issue new shares as granted on the Company's annual general
meeting on 11 June 2024.

Following the issue of the new shares, the Company's share capital will be NOK
86,635,914 consisting of 43,317,957 shares each with a par value of NOK 2.00.

Following the exercise of options, 400,000 options remain outstanding in the
Company.


For further queries, please contact:
Marius Furuly, Director of IR and Strategy
Tel: +47 90626191

About NorAm Drilling
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs
upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is
the largest oil producing region in North America. NorAm Drilling is debt free
and has industry leading operating margins. The Company has a full pay-out
dividend strategy, targeting frequent cash distributions in a profitable market.

www.noramdrilling.com

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